Why Big Oil is staying away from latest auction

Oil Price – When Mexico opened up its energy sector for private investors in August 2014, oil prices were hovering above the US$100 mark, and the big price crash had not started yet. Two years later, in the ‘lower for longer’ price environment, Big Oil seems hesitant to jump on the joint-operating-agreement bandwagon with state-run company Petroleos Mexicanos, or Pemex, in the Trion field in the Perdido Fold Belt in the northwestern Gulf of Mexico just next to the U.S. border.

http://oilprice.com/Energy/Crude-Oil/Why-Big-Oil-Is-Shying-Away-From-Mexicos-Latest-Oil-Auction.html

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